10th acquisition for RedCat subsidiary The Coaching Inn Group
The latest deals are the ninth and 10th purchases by The Coaching Inn Group since RedCat acquired it last August.
Just last week (26 May), the company announced it had added the Castle of Brecon hotel to its estate, which included 43 bedrooms alongside a number of public spaces.
Its latest acquisitions are of the Pheasant Hotel – a luxury country house hotel, featuring 32 bedrooms in Kelling, on the north Norfolk coast, in an area of outstanding natural beauty.
Property details
It also bought Blakeney Manor – a Grade II-listed property also on the north Norfolk coast with parts of the building dating back to the 16th century and in an area of outstanding natural beauty as well as a conservation are, directly opposed the National Trust’s National Nature Reserve, adjacent to Blakeney Quay.
The Coaching Inn Group chief executive Kevin Charity said: “I’m proud to have reached the milestone of our 10th acquisition since obtaining RedCat’s support last August.
“With these acquisitions, we are focusing on targeting the highly active tourism market in scenic north Norfolk and I’m looking forward to continuing to build a very attractive portfolio.”
The group has done a great job of focusing on running high quality pub hotels across the country, according to RedCat executive chairman Rooney Anand.
Exceptional location
He added: “North Norfolk is a jewel in the UK’s tourism crown and I look forward to catering to international travellers and staycation destination customers who want to experience this area.”
Christie & Co brokered the deals and director at the agents Tim Gooding outlined the history of the sites.
“It was a pleasure to broker these two simultaneous pub hotel sales for our respective clients and work closely again with RedCat, supporting their latest acquisitions,” he said.
“We have known the businesses for many years, with the Pheasant hotel being a best-in-class destination venue.
“Similarly, Blakeney Manor draws year round trade due to its exceptional location, arguably the finest along the north Norfolk coastline, which was a key driver in the acquisition.”
